Fiscal

Income Tax Calculations (UK)

Income tax calculations for England, Northern Ireland and Wales. Estimate annual income tax within the different taxation bands at specified levels of both taxable income and the Personal Allowance, emulating the results obtained at UK.GOV https://www.gov.uk/estimate-income-tax. Calculate the standard Personal Allowance at various levels of taxable income. Estimate the personal allowance required to recoup a specified amount of income tax.

Installation

You can install the latest development version of Fiscal from GitHub with:

# install.packages("devtools")
devtools::install_github("Mark-Eis/Fiscal")

Author: Mark C. Eisler

eMail: mark@markeisler.com

ORCID = 0000-0001-6843-3345

Fiscal Package Overview: –

• Estimate annual income tax within the different taxation bands at specified levels of both taxable income and the Personal Allowance, emulating the results obtained at UK.GOV https://www.gov.uk/estimate-income-tax using incometax().

• Calculate the standard Personal Allowance at various levels of taxable income using pers_allow().

• Estimate the personal allowance required to recoup a specified amount of income tax using allowance().

• Provide options for tax bands, rates and allowances, or use with default values for 2025-2027 tax years with tax_opts().

Disclaimer

While every effort is made to ensure this package functions as expected, the author accepts no responsibility for the consequences of errors.